Weekend reading

This is a weekly post we publish on Fridays with links to articles we think anyone interested in equitable growth should be reading. We won’t be the first to share these articles, but we hope by taking a look back at the whole week we can put them in context.

Links

Noah Smith asks: what causes recessions? He takes a look at “sticky prices.” [bloomberg view (opens in a new tab)]

Ryan Decker writes about public earnings buying private firms. [updated priors (opens in a new tab)]

What’s responsible for wage stagnation? William Galston points to international trade and China. [wsj (opens in a new tab)]

Steve Randy Waldman on the trilemma of liberalism, inequality, and nonpathology. [interfluidity (opens in a new tab)]

David Andolfatto interviews Giuseppe Moscarini on the job ladder and the employment recovery from the Great Recession. [st louis fed (opens in a new tab)]

Friday figure

Figure from “Where do the beneficiaries of the Affordable Care Act live? (opens in a new tab)” by Carter C. Price and David Evans.